In June, the S&P/Case-Shiller home price composite 20-city index increased 1.1% over the previous month, which was in line with market expectations. As was the case in May, the monthly price rise partly reflects seasonal developments, as summer usually witnesses a stronger demand for houses and consequently slightly higher prices. Building on the monthly price rise, in annual terms home prices dropped 4.5%, which marked a slight improvement over the revised 4.6% price decline recorded in May (previously reported: -4.5% year-on-year). The subdued print, nonetheless, underscores the weak housing market amidst the lacklustre economic recovery and rising unemployment.
United States Housing
Home prices continue to rise on seasonal factors
August 30, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.